More families set to run out of savings as loans rocket
Daily Record|August 09, 2023
ABOUT 1.2million families will run out of savings next year due to soaring mortgages.
SOPHIE HUSKISSON
More families set to run out of savings as loans rocket

It will mean households with no savings rising to almost eight million.

Findings by the National Institute of Economic and Social Research outline a "gloomy picture".

Researchers said many were facing a 50 per cent rise in monthly repayments.

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